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Portland city, OR

ZIP 97232 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 97232

Median Home Value
$801,300
Median Rent
$1,471
Affordability Snapshot
$221,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$5,147/mo PITI).

25%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

11.2x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

45.4 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 97232 in Portland city, OR, a household would need roughly $221,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $5,147. That is about 210% above the local median household income ($71,278), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
25.3%-61% vs US avg
x
Vacancy Rate
8.7%-16% vs US avg
x
Broadband Access
89.7%+3% vs US avg
x
4+ Bedrooms
2.0%-86% vs US avg
x
Built Pre-1939
4.5%-65% vs US avg
x
Built Post-2014
1.6%-76% vs US avg
x
Rent Burden >30%
26.0%-48% vs US avg
x
Mortgage-Free
30.8%-19% vs US avg
x
$801,300
Home Value
$1,471
Rent
1971
Year Built
2019
Moved In

Residents have lived here since ~2019 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached20.2%
  • 1-unit attached4.9%
  • 2-9 units11.4%
  • 10+ units63.5%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$801,300
Median rent$1,471
Owner-occupied25.3%
Vacant8.7%
Price-to-income11.2x
Est. income to buy$221,000